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Mercury General Corporation Message Board

  • tchcmastar tchcmastar Apr 6, 2003 1:40 AM Flag

    TCHC may be investigated SEC

    much speculation in the insurance industry that TCHC could be investigated by the SEC.

    TCHC is one of those corporate pyramid type insurance deals and the books may not match managements year end announcements.

    the SEC may investigate, and as of yet, TCHC has not even turned in an annual report for 2002 - check it out.

    TCHC owns two insurance companies in Florida, Federated National Insurance, rated D (weak) by Weiss ratings and American Vehicle Insurance Co., rated F (not eligible) by Weiss rating.

    The CEO and family have been selling their shares during this first quarter (the dreaded insider selling).

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